Archrock (AROC) announced a dividend of $0.15
Archrock said on April 28, 2023, its board of directors declared a permanent quarterly dividend of $0.15 per share ($0.60 per share). Previously, the company paid $0.15 per share.
Shares must be purchased before the ex-div date of May 8, 2023 to receive the dividend. Shareholders of record on May 9, 2023 will receive payment on May 16, 2023.
At the current stock price of $10.29/share, the stock has a dividend yield of 5.83%.
Looking back five years and sampling each week, the average dividend yield was 6.82%, the lowest was 3.76%, and the highest was 17.11%. The standard deviation of the income is 2.16 (n=237).
The current dividend yield is 0.46 standard deviations below the historical average.
Additionally, the company’s dividend payout ratio is 2.12. The payout ratio shows how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of a company’s earnings are paid out as dividends. A payout ratio above one means that the company is saving to maintain the dividend – not a healthy situation. Companies with low growth prospects are expected to pay out most of their earnings in the form of dividends, which usually means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of their earnings to invest in those growth prospects, implying a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is 0.03%, indicating that it has increased its dividend over time.
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What is stock sentiment?
Archrock has 488 funds or institutions reporting positions. This is an increase of 12 owners or 2.52% in the last quarter. Average portfolio weight from all funds 0.12% for AROC, growth of 20.40%. The total volume of shares held by institutions decreased by 0.87% over the past three months to 150,975 thousand shares. The AROC put/call ratio is 0.05, indicating that the forecast is bullish.
Analysts’ price forecast suggests a rise of 35.47%
As of April 24, 2023, the one-year average price target for Archrock is 13.94. Estimates range from a low of $13.13 to a high of $15.75. The average target price is 35.47% higher than the last reported closing price of 10.29.
See our leaderboard of companies with the highest price targets.
Archrock’s estimated annual revenue is 988 million, an increase of 16.82%. Annual non-GAAP estimated EPS is 0.43.
What are other shareholders doing?
Earnest Partners owns 14,242 shares representing 9.09% of the company. In a preliminary filing, the firm reported ownership of 14,321,000 shares decrease 0.55%. Firm grew 26.93% of its portfolio allocation in AROC last quarter.
IJR – iShares Core S&P Small-Cap ETF owns 9,918K shares representing 6.33% of the company. In the preliminary application, the firm announced that it owns 9,799,000 shares increase 1.19%. Firm grew 28.79% allocation of its portfolio in AROC last quarter.
Invesco owns 9,681 shares representing 6.18% of the company. In the preliminary filing, the firm announced that it had 9,252,000 shares increase 4.43%. Firm grew 33.19% of its portfolio in AROC last quarter.
MLPEX – Invesco Oppenheimer SteelPath MLP Select 40 Fund Class C owns 7,580K shares representing 4.84% of the company. There was no change in the last quarter.
Bank Of America owns 7,097K shares representing 4.53% of the company. In a preliminary filing, the firm reported ownership of 7,207,000 shares decrease 1.54%. Firm grew 31.28% of its portfolio in AROC last quarter.
Archrock background information
(This description is provided by the company.)
Archrock is an energy infrastructure company with a focus on midstream compression of natural gas. Archrock is a leading provider of natural gas compression services to US oil and natural gas customers and a leading provider of aftermarket services to customers with compressor equipment in the US, Archrock is headquartered in Houston, Texas.
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